CHICAGO—As reported in GlobeSt.com, the partnership of Chicago-based Hansen Realty and Centrum Partners aims to revive Bradley Business Center, a North Center office and recreation complex at 2500 W. Bradley Pl., and the companies have bought out another partner, New York City-based Angelo, Gordon and Co.
“This partnership is committed to repositioning this unique space as a premier office and recreational destination on the city's North Side,” says John Hansen, principal of Hansen Realty. “The property consists of 500,000-square-feet on 22 acres in the very desirable North Center neighborhood of Chicago. There are few commercial space opportunities like this available in the city and recent activity has proven a testament to the benefits of this property's location and amenities.”
Located off of Addison St. and near Western Ave., the center consists of the 350,000-square foot 2500 W. Bradley Place location, and the 150,000-square-foot 2630 W. Bradley Place, which the partners completely leased up in December 2011 with such tenants as cable provider RCN, Warner Brothers, a Lil Kickers soccer academy and Goldfish Swim School. Together, the complex offers 405 above-ground parking spaces.
Most recently, the new partnership has signed two leases with IK Gymnastics and Lil Sluggers for a total of 44,000-square-feet at 2500 W. Bradley. Lil Sluggers, a baseball academy will take 20,000-square-feet, and IK Gymnastics will expand with a new 24,000-square-foot lease and build-out. IK Gymnastics currently operates a 16,000-square-foot facility at the 2630 W. Bradley location.
“Being located in a premier residential area such as North Center has helped these recreational users flourish as these businesses offer options to families who don't want to drive to the suburbs to provide extracurricular activities for their kids,” Hansen adds. “It has also created a wonderful synergy with our office users, such as the Tribune Company and Alstyle, as both user types have different peak hours. As a result, we have created an environment that supports successful businesses in daytime and evening hours.”
Hansen and Centrum recently completed a 5,000-square-foot shared-office space center at 2500 W. Bradley, and will now shift its focus to the remaining 55,000-square-feet of office space.
“There simply are no floor plates of this size anywhere else on the North Side,” Hansen says. “We are confident that this location is primed to support the next wave of corporate growth in Chicago.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
